IndiaProperty to raise over $50 million

IndiaProperty to raise over $50 millionIndiaProperty earns money by providing assisted home search services to customers, besides advertising and marketing initiatives with developers.
The firm is looking to expand to northern India, invest in mobile commerce and incorporate more features on its website
The company that owns real estate classifieds portal IndiaProperty.com is raising over $50 million to fund expansion plans, a top executive said.
Existing investors are participating in the programme, said Ganesh Vasudevan, chief executive officer of Chennai-based India Property Online Pvt. Ltd.
“The money is being raised to support scale-up of the business further in terms of expanding to newer geographies, new products, technology investments and potential acqui-hire,” Vasudevan said…
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